Anatolia and Uranium Resources advance planned merger

Australia’s Anatolia Resources, which is merging with US-based Uranium Resources to fast-track to production, reported on Tuesday that the two companies had executed a binding loan agreement. Uranium Resources would provide a secured loan of up to A$2-million to Anatolia to allow the company to continue to progress the Temrezli project, in Turkey, which the companies aimed to bring into production as quickly as possible. The working capital would also be used to cover costs associated with the merger.